It further added that the move enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions.

Having commercial and operational flexibility over Hazira will further “enable Shell to offer better customer value propositions and build a pan-India gas business.”

“Fifteen years ago, Shell invested in the Hazira project – the single largest foreign direct investment for India in the energy sector at the time. I am very proud that as a 100 percent shareholder, we will now be able to utilize this great infrastructure asset to its full potential and help provide much needed gas to serve the growing energy needs of India,” said Ajay Shah, Vice President Shell Energy Asia.